USNQX vs. USCBX
USNQX (USAA Nasdaq 100 Index Fund) and USCBX (USAA California Bond Fund) are both mutual funds - USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while USCBX is a Municipal Bonds fund managed by Victory. Over the past 10 years, USNQX returned 21.76%/yr vs 2.12%/yr for USCBX. At a correlation of -0.10, they often move in opposite directions. USNQX charges 0.42%/yr vs 0.55%/yr for USCBX.
Performance
USNQX vs. USCBX - Performance Comparison
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Returns By Period
In the year-to-date period, USNQX achieves a 16.40% return, which is significantly higher than USCBX's 2.27% return. Over the past 10 years, USNQX has outperformed USCBX with an annualized return of 21.76%, while USCBX has yielded a comparatively lower 2.12% annualized return.
USNQX
- 1D
- -3.30%
- 1M
- -0.40%
- YTD
- 16.40%
- 6M
- 14.56%
- 1Y
- 32.59%
- 3Y*
- 25.83%
- 5Y*
- 15.75%
- 10Y*
- 21.76%
USCBX
- 1D
- 0.00%
- 1M
- 2.09%
- YTD
- 2.27%
- 6M
- 2.59%
- 1Y
- 7.78%
- 3Y*
- 3.81%
- 5Y*
- 0.92%
- 10Y*
- 2.12%
USNQX vs. USCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 16.40% | 20.52% | 25.42% | 54.46% | -32.71% | 26.82% | 48.31% | 38.86% | -0.43% | 32.30% |
USCBX USAA California Bond Fund | 2.27% | 3.20% | 1.91% | 6.68% | -9.75% | 2.24% | 5.02% | 7.26% | 1.21% | 5.62% |
Correlation
The correlation between USNQX and USCBX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2000 | -0.10 |
The correlation between USNQX and USCBX shifts across timeframes, from -0.10 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USNQX vs. USCBX — Risk / Return Rank
USNQX
USCBX
USNQX vs. USCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Nasdaq 100 Index Fund (USNQX) and USAA California Bond Fund (USCBX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USNQX | USCBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.56 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.46 | +0.43 |
| Martin ratioReturn relative to average drawdown | 10.66 | 8.12 | +2.54 |
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Drawdowns
USNQX vs. USCBX - Drawdown Comparison
The maximum USNQX drawdown since its inception was -76.24%, which is greater than USCBX's maximum drawdown of -17.54%. Use the drawdown chart below to compare losses from any high point for USNQX and USCBX.
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Drawdown Indicators
| USNQX | USCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -17.54% | -58.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -3.27% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -6.96% | -15.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -15.73% | -21.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -15.73% | -21.22% |
Current DrawdownCurrent decline from peak | -4.23% | -0.10% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -26.70% | -2.18% | -24.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.99% | +2.27% |
Volatility
USNQX vs. USCBX - Volatility Comparison
USAA Nasdaq 100 Index Fund (USNQX) has a higher volatility of 9.09% compared to USAA California Bond Fund (USCBX) at 0.98%. This indicates that USNQX's price experiences larger fluctuations and is considered to be riskier than USCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USNQX | USCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 0.98% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.57% | 2.35% | +12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 3.42% | +14.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 5.14% | +18.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 4.60% | +18.18% |
USNQX vs. USCBX - Expense Ratio Comparison
USNQX has a 0.42% expense ratio, which is lower than USCBX's 0.55% expense ratio.
Dividends
USNQX vs. USCBX - Dividend Comparison
USNQX's dividend yield for the trailing twelve months is around 2.59%, less than USCBX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USCBX USAA California Bond Fund | 3.47% | 3.96% | 3.73% | 3.17% | 2.85% | 2.29% | 2.59% | 2.74% | 3.20% | 3.34% | 3.49% | 3.79% |
USNQX USAA Nasdaq 100 Index Fund | 2.59% | 3.01% | 2.19% | 2.60% | 4.13% | 4.48% | 1.53% | 0.88% | 0.69% | 1.97% | 0.50% | 2.73% |
Frequently Asked Questions
USNQX and USCBX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USNQX has higher volatility (9.09%) compared to USCBX (0.98%). In terms of maximum drawdown, USNQX dropped -76.24% vs USCBX's -17.54%.
USCBX currently has the higher Sharpe Ratio (2.35 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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